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what is p2p and waht is the p2p cycle

Answer Posted / balamurugan k

The procure-to-pay systems enable the integration of purchasing department with account payables department is known as P2P.

The following steps involved in P2P cycle:

-Create Requisition
-Create Purchase Order
-Create Receipt
-Create Invoice in Payables
-Making a Payment
-Transfer to General Ledger

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